Rep. Lloyd Doggett of Texas and Senator Sheldon Whitehouse of Rhode Island introduced a pair of bills aimed at stopping corporations from using offshore tax havens and outsourcing jobs to other countries.

Congressional witnesses called for more certainty around the provisions.

Surveys released this week reveal lingering uncertainty about the new tax law.

Reps. Terri Sewell, D-Ala., and Tom Reed, R-N.Y., and Senators Ben Cardin, D-Md., and Roy Blunt, R-Mo., have introduced bipartisan legislation to make the New Markets Tax Credit permanent, in an effort to encourage private investment in low-income rural communities and urban neighborhoods.

The Internal Revenue Service has indefinitely extended a pilot program for private letter rulings for corporate taxpayers.

The Securities and Exchange Commission has approved the Financial Accounting Standards Board’s 2019 GAAP Financial Reporting Taxonomy, along with the 2019 SEC Reporting Taxonomy, FASB said Tuesday.

Like-kind exchanges can vary greatly in their complexity. Basic transactions may require little mental horsepower to conduct, but some can be extremely tricky.

The main tax revenue for U.S. states declined by an average of almost 2 percent during the last three months of 2018 from the same quarter a year earlier.

Between the shutdown and the TCJA, advocates want more time for filing.

The relief is conditioned on the partnerships providing the missing information in a separate schedule by March 15, 2020.

The Internal Revenue Service is considering issuing rules that could invalidate some of the last remaining strategies in New York and Connecticut to circumvent the state and local tax, or SALT, deduction cap that kicked in for the 2018 tax year.

A pair of House Democrats has introduced a bill to extend the tax-filing deadline until May 20 to give taxpayers more time to file their taxes.

Some of the states that are paying the highest amounts in federal taxes are also the ones that will be hurt the most by the $10,000 limit on the SALT deduction.

Lost amid the confusion of the federal government shutdown this year was a new set of penalties the IRS began to issue as part of the agency’s ongoing enforcement of the Affordable Care Act.

The Court of Appeals for the District of Columbia Circuit has given the IRS a victory in its quest to charge fees.

The update clarifies some of the disclosure and implementation requirements of the new leasing standard.

The Treasury and the service are seeking public comments on the proposal.

Watch out, Wall Street. Democrats, who have so far focused on plans to tax the super-rich, are turning their sights to capital markets.

New tax incentives might not be enough to convince Corporate America to expand its U.S. operations beyond what it was already planning.

Tax pros share the things they overlooked or wish they'd done differently this year.